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Metanor Resources Inc.

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Summary

Project:

Bachelor Mine

Deposit:Bachelor Mine
Location:Canada
Commodities:Gold
Date:6/30/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:30-6-2016: Metanor Resources Inc. announces an Exploration/Drilling Update report for its Bachelor Mine deposit at the Bachelor Mine project. Drilling results incl. 8.8m @ 10.4g/t Au from 21.5m. June 30, 2016 – Val-d'Or, Quebec, Canada: Metanor Resources
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Pascal Hamelin (Internal)
ABSTRACT:June 30, 2016 – Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor") (TSXV: MTO) is pleased to provide this update on its underground exploration drilling program at Bachelor Mine. The development of a ramp below level 14 toward level 15 in the Main vein allowed the construction of a drill station well positioned to define additional resources below level 14. The drilling began in early June. The mining development continues toward the recently drilled sectors, and mining will commence in the coming month. Metanor estimates that the mineralized intercepts’ true thicknesses reach 60 to 65% of the drill cores. A capping of 31 g/t was used or 1 Au ounce. The Company uses a rigorous, industry-standard, QA/QC program. The samples were assayed by fire-assay at the Metanor assay lab. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The quality control program of the assay results (QA/QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent ALS-certified assay laboratory in Val-d’Or, Québec. Results of the spot checks were consistent with those reported.

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